Growth drivers in place

Company
26 Feb 2024
5 Min read 
  • Larsen & Toubro (LT) is a capital goods company with positive growth drivers in place.
  •  Recent concerns about LT's performance are transient and can be attributed to specific factors.
  •  The company is expected to benefit from the ramp-up of domestic inflows after elections.
  •  LT's international projects, particularly in Saudi Arabia, offer a continuously growing addressable market.
  •  The company is focused on gaining market share and targeting large, mega projects.
  •  LT's core business valuations have improved due to a higher addressable market and lower working capital.
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